201 Mill St

Estimated Monthly Payment: $1,398/mo 201 Mill St, Cambridge, MD 21613 MLS# 1009919322 Commercial Sale Listing Status: ACTIVE

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REMARKS:

Historic "Academy School", built in 1903 and served as a public elementary school for many decades, 1.86 acre lot located near the Choptank River and downtown Cambridge in Historic West End District. Professionally designed plans on file for rehab of the structurally sound building into 8 senior citizen condos and a new detached building with 15 units and club house. Buyer may have and use these plans for approval, which had prior approval from City, now expired. Approved for 250K Federal Historic Tax Credit, subject to minor conditions, transferable to buyer. Once approved for 287K MD Historic Tax Credit, now expired, re-application allowed Aug, 2019. Subject to pending rezoning request for multi-family residential use, which has been well received.

OVERVIEW:

Commercial Sale
ACTIVE
BRIGHT
Historic Distoric/West End
1903
2
81022
Private, Public
None
None
None
Public
Public Sewer
None

FEATURES:

Wood

FINANCIAL:

280000
1454.33

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Sharon Real Estate P.C.

 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Benson & Mangold Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

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